COMPANY REGISTRATION NUMBER:
13097277
|
Filleted Financial Statements |
|
|
Statement of Financial Position |
|
31 October 2025
Current assets
|
Debtors |
4 |
5,968 |
4,209 |
|
Cash at bank and in hand |
221 |
575 |
|
------- |
------- |
|
6,189 |
4,784 |
|
|
|
|
|
Creditors: amounts falling due within one year |
5 |
180,484 |
163,495 |
|
--------- |
--------- |
|
Net current liabilities |
174,295 |
158,711 |
|
--------- |
--------- |
|
Total assets less current liabilities |
(
174,295) |
(
158,711) |
|
--------- |
--------- |
|
Net liabilities |
(
174,295) |
(
158,711) |
|
--------- |
--------- |
|
|
|
|
Capital and reserves
|
Called up share capital |
100 |
100 |
|
Profit and loss account |
(
174,395) |
(
158,811) |
|
--------- |
--------- |
|
Shareholders deficit |
(
174,295) |
(
158,711) |
|
--------- |
--------- |
|
|
|
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements were approved by the
board of directors
and authorised for issue on
21 July 2026
, and are signed on behalf of the board by:
Company registration number:
13097277
|
Notes to the Financial Statements |
|
Year ended 31 October 2025
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is C/O Streets, Ecen, Suite 43 Michael Way, Raunds, Wellingborough, NN9 6GR, England.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.
The financial statements are prepared in sterling, which is the functional currency of the entity
.
Going concern
The company has a negative statement of financial position at the reporting date. The directors and shareholders of the parent company have expressed their willingness to continue to support the company to meet its liabilities as and when they fall due, therefore the directors believe that there is no material uncertainty over the company's ability to continue trading and accordingly believe it is appropriate to prepare the financial statements on a going concern basis.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Defined pension contributions
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
Taxation
The taxation expense represents the aggregate amount of current tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss.
4.
Debtors
|
2025 |
2024 |
|
£ |
£ |
|
Other debtors |
5,968 |
4,209 |
|
------- |
------- |
|
|
|
5.
Creditors:
amounts falling due within one year
|
2025 |
2024 |
|
£ |
£ |
|
Trade creditors |
– |
8,180 |
|
Amounts owed to group undertakings and undertakings in which the company has a participating interest |
172,984 |
140,065 |
|
Other creditors |
7,500 |
15,250 |
|
--------- |
--------- |
|
180,484 |
163,495 |
|
--------- |
--------- |
|
|
|
6.
Summary audit opinion
The auditor's report dated
21 July 2026
was
unqualified
.
The senior statutory auditor was
Benjamin Halstead, FCA
, for and on behalf of
Streets Audit LLP
.
7.
Related party transactions
The company has taken advantage of the exemption available within FRS 102 Section 1A from disclosing transactions with its parent and fellow group companies.
8.
Controlling party
The ultimate parent company is
K.T.F. Housing Limited
, a company incorporated in Ireland, whose Registered Office is Ardee Business Park, Ardee, Co Louth, Ireland. The parent company of the smallest and largest group of undertakings of which the company is a member and which prepares consolidated accounts is K.T.F. Housing Limited. Consolidated accounts are available from the Irish Companies Registration Office.